I hope you all had a wonderful Thanksgiving. Ours was perfect. It could only have been made better if the Patriots had a game that day. 
We haven’t looked at the Real Estate Stats from Whitman & surrounding towns in almost 2 months. There’s been so much going on that we’re overdue for a peek. Back in Oct., we were seeing a slowly building trend that was beginning to favor buyers over sellers for the 1st time in yrs. Well, we had the shutdown, chaos & confusion with Fed backed loans, housing & food programs stopped cold, Flood Ins. paused, etc. That shift towards buyers is now also on hold. Sellers’ grip on this market strengthened since Oct.
A healthy market has about 3 months of inventory for buyers to choose from. That helps put pressure on sellers to compete for the pool of buyers. With only 1.39 months of supply, the Whitman area’s inventory is tight, providing sellers with stronger leverage.
The median list price for new listings is $564,450, showing particular weakness in inventory for both the luxury & starter home markets. Looking deeper, mid-range inventory is coming up short too. A bird’s eye view of this shows a really favorable seller’s position.
New listings are few & houses are flying off the market. Homes are spending a median of only 8 days on the market, a significant 74% decrease from the previous month. The few buyers who braved the market, interest rate & governmental chaos of the past two months have snapped up realistically priced properties. The pool of buyers seems somewhat smaller over this period, but there’s been enough of them to grab the properties that sing to them.
With 11 new pending listings and a median list price of $515,000, the seller market is vibrant & active, promising just enough inventory pique buyer interest.
Back in Oct. the Sold-to-list ratio dipped below 100% for the first time in a long time. Now, the sold-to-list price ratio stands at an impressive 100.08%, meaning homes are selling at or above listing price again. The advantage is marginally back in seller’s hands.
Take advantage of these promising market trends & connect with me for expert guidance on listing your home in Whitman or the surrounding towns. The consult is free & no obligation. There’s no risk to talk it out & see where you stand in the marketplace.
Keep Smiling & Have Fun!
Lew McConkey, Realtor/Notary
Brook Realty, Serving Whitman Hanson & Surrounding Towns
(781)252-9789
If you have questions about your place in the current Real Estate market, as a buyer, seller or Landlord, please feel free to call text or email for your free, no obligation consultation.
